How We Work

A simple alternative.

Fastcomp provides Independent Retail Agents with a simple alternative to the cumbersome policies and restrictions of major Workers’ Compensation carriers. Fastcomp utilizes proprietary predictive modeling software, which allows us to generate accurate indications for many classes of business… allowing you, the agent, to receive Premium Indications in PDF format in minutes, without speaking to an underwriter.

eBind and tBind options.

Fastcomp provides you with specific tools at your fingertips to secure business in today’s competitive market. Based on your personal interaction with insureds, you simply verify risk and exposure. Our proprietary technology ensures the correct codes are utilized. For those less hazardous occupations, you can access eBind (Electronic Binding), get an immediate indication and write the business then and there.

For more hazardous codes, we offer tBind (Traditional Binding), which gives you access to markets that will write the business following a more traditional underwriting review by experienced Fastcomp underwriters.

Fastcomp does not have a market for operations or activities involving:

Railroad operations
(including construction or risk performing work on or within 50 feet of a railroad)

Underground mining operations

No commitment or greater commissions.

Fastcomp demands no volume commitments, which is part of the reason we’re the smart alternative. However, we do recognize agents who use us regularly. These “Preferred Agents” receive higher commissions as they provide a continuing flow of submissions.